Wednesday, August 31, 2011

IMF - Transcript of a Conference Call with a Senior IMF Official on the Executive Board’s Approval of Limited Gold Sales

Transcript of a Conference Call with a Senior IMF Official on the Executive Board’s Approval of Limited Gold SalesFriday, September 18, 2009

"SENIOR IMF OFFICIAL: Good afternoon. Let me just say a few words of introduction basically covering the main points in the Press Release you already have.

Today, the Fund’s Board took the formal decision to proceed with the strictly limited sale of 403.3 tons of the Fund’s gold, which, if you’ve been following this process which has been in train for quite a while, you will know by now this is what we call the post-Second Amendment gold, which is gold that the Fund has accepted back from members since the Second Amendment of the Fund’s articles...."